If you are on the fence regarding whether or not this is technology you wish to embrace for your business, learn about some of the potential benefits it offers, and how it can be used, here.
Cashless payments. A completely cashless society is not just a dream anymore. While most people use debit or credit cards for payments, microchips would be able to store payment data for a person, and even provide confirmation of your identity when making a purchase. As a result, this technology has the potential to surpass ticket scanning by smartphones. This type of payment would be safer for consumers, as well as businesses.
Identification. While you still rely on your physical passport, driver’s license and other forms of identification today, this may change in the near future. In fact, microchips have the potential to surpass and replace these items. Rather than presenting something with your picture, your subdermal microchip is scanned, providing information about who you are. This was one of the main draws for the businesses that have already implemented this technology. It allows employees to be identified easily and quickly, with a reduced potential of mistakes.
Building security and access. There are certain types of high-security facilities, such as high-end retailers, power plants and government buildings that currently use retinal or fingerprint scanners. However, with microchips being more available and acceptable today, many are turning to this type of superior technology.
As you can see, microchips are poised to revolutionize the business industry; however, there are some potential repercussions. Before utilizing this type of technology make sure you fully understand the pros and cons it presents.